How to apply for a business credit card without a business

How can I get a business credit card with no business?

You just need to be earning some money independently, which is pretty common in today’s gig economy. If you don’t have an employer identification number (EIN) for your side gig, you can even apply for a business credit card as a sole proprietor.

What’s the easiest business credit card to get?

There are several easy approval business credit cards. That’s because the easiest business credit cards to get only require fair or bad credit. They include Capital One Spark Classic for Business, the Staples Business Credit Card, and the Wells Fargo Business Secured Credit Card.

Do you have to use a business credit card for business?

Don’t use a business credit card to fund your business . There are plenty of benefits to using a business credit card , such as the separation of personal and business expenses and the generous rewards programs. The perks of using a business credit card are only realized, however, if you use your card wisely.

What qualifies you for a business credit card?

Apply for a business credit card Legal business name. Business address. Type of business . Business phone number. Tax identification number. Annual business revenue. Years in business . Monthly business expenses.

Do business credit cards report to IRS?

No. Most financial institutions that issue business credit cards report your monthly payment activity (not your transactions) to business credit bureaus like D&B, Experian, and Equifax. Credit card transactions are not normally reported to the irs .

How hard is it to get a business credit card?

The best business credit cards require a 670 personal credit score or higher. This is the start of “good credit .” Premium cards , like The Business Platinum Card ® from American Express, will need a 740 credit score to qualify. In addition to your credit score, you will need to report your annual personal income.

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How do I get my first business credit card?

Here’s how you go about getting your first business credit card . Check Your Personal Credit Score. No matter if you are just starting a new business , or if you are running an existing business , you’ll need to know your own personal credit score. Research Cards That Best Fit Your Business . Apply. Use Your Card Wisely.

Do business credit cards check personal credit?

Small business credit cards will show up on a personal credit report if the card issuer reports activity to the consumer credit bureaus. That helps keep personal and business credit separate. It’s hard to avoid some crossover between your business and personal credit histories.

Can I use my EIN to get a credit card?

If you have an employer identification number ( EIN ) — a nine-digit tax ID number assigned to your business by the IRS — you can use it to apply for a small-business credit card . Many small-business cards require good to excellent personal credit (typically FICO scores of at least 690) for approval.

Which credit card is best for small business?

Best Small Business Credit Cards U.S. Bank Business Platinum Card . Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card. Bank of America® Business Advantage Cash Rewards Mastercard® Credit Card. Bank of America® Platinum Plus Mastercard® Business Card. Marriott Bonvoy Business™ American Express ® Card.

What credit score is needed for a business credit card?

670

Can you open a business credit card for personal use?

If you apply for a business credit card as a sole proprietor, you can use it for personal use as well. Though you may find it a good idea to keep your business expenses separate for tracking and tax purposes .